Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB620 by Lucio (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Government Code to permit one of the three elected members on the board of the Employees Retirement System (ERS) to be a retiree. The bill would have no fiscal impact on ERS.
Local Government Impact
No fiscal implication to units of local government is anticipated.